Ngern Tur Capital Public Company Limited (TURBO) has filed a draft registration statement with the Securities and Exchange Commission (SEC) to issue and offer high-risk, unsubordinated, callable debentures with quarterly interest payments to institutional and high-net-worth investors. The offering comprises two tranches: Tranche 1 has a tenor of 2 years, 1 month, and 2 days, maturing in 2028, with an annual interest rate of 5.20%; Tranche 2 has a tenor of 3 years, 1 month, and 1 day, maturing in 2029, with an annual interest rate of 5.60%. The subscription period runs from October 5 to 7, 2026. There are eight underwriters, led by Asia Plus Securities, which also acts as the debenture holders' representative. The company will use the proceeds to acquire assets, invest, or cover expenses related to its current business operations. Tris Rating assigned a credit rating of BBB- on May 28, 2026.
Ngernturbo Public Company LimitedTURBO issues debentures to raise funds for business operations, with interest rates of 5.20-5.60%.
Asia Plus Group Holdings PCLAsia Plus Securities leads underwriting of TURBO's debenture offering, generating fee income.
